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  • EXCLUSIVE Russo: Stellar, the investment fund behind Calleri's move to Inter

    EXCLUSIVE Russo: Stellar, the investment fund behind Calleri's move to Inter

    • Pippo Russo translated by M.G, Edo Dalmonte @edodalmonte
    With Jonathan Calleri's move to Inter seemingly imminent, we bring back an article written by columnist Pippo Russo early last month. Russo is an expert in, among others, Third Party Ownership and Investment Funds in football. 

    It turns out that Stellar, the fund that holds Calleri's rights, intends to loan the player to Deportivo Maldonado, a Uruguayan club that has previously hosted the likes of Alex Sandro, Marcelo Estigarribia and Napoli's Allan as a "bridge" to their European moves.


    Many rumours surround a particular business trasaction: that will bring Argentine striker Jonathan Calleri to Italy, with Inter Milan as his final destination.

    The 22-year-old is definitely a talented player, and there are no doubts that he can have a bright future, and that he is a target for a number of top European clubs. But it is also apparent that –as we’re talking about a South American player- that football's parallel economy has got its hand on him.

    How? Even Boca president Daniel Angelici has admitted that the striker will be sold to an investment fund. 

    Thanks to Tuttosport, we recently discovered that the investment fund in question is Stellar Football Ltd, part of the English Stellar Group, headed by famous agent Jonathan Barnett, who assists players like Gareth Bale, Dennis Praet and Wojciech Szczesny.

    Such a situation is already a problem, as the presence of an investment found in a transfer is against the FIFA rules [though Ole have reported today that Fifa have given the move the green light] , so Inter could risk being sactioned.

    The obstacle –as reported by La Gazzetta dello Sport- could be bypassed by selling the player first to Deportivo Maldonado, a club that has hosted players like Alex Sandro, Allan and former Juventus flop Marcelo Estigarribia (who has been loaned every time the Fund needed to) , and has been reported on by both USA Today and Bloomberg.

    The logic of the “bridge clubs” has been partially admitted by the CAS, and had been forecast by some a year ago. Evidently Inter don’t care about the ethical point of view. Business is business. Yet, on the other hand, it will be interesting to see how the nerazzurri will carry out the negotiation: will they opt for a permanent transfer or a loan?
     

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